iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) Trading 0.8% Higher – Should You Buy?

Shares of iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) traded up 0.8% on Friday . The company traded as high as $39.02 and last traded at $39.02. 19,287 shares were traded during mid-day trading, an increase of 15% from the average session volume of 16,703 shares. The stock had previously closed at $38.71.

iShares LifePath Target Date 2050 ETF Stock Performance

The stock has a market capitalization of $56.19 million, a price-to-earnings ratio of 20.56 and a beta of 0.85. The business’s 50 day simple moving average is $38.08 and its 200-day simple moving average is $37.08.

Hedge Funds Weigh In On iShares LifePath Target Date 2050 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in iShares LifePath Target Date 2050 ETF in the 4th quarter valued at approximately $816,000. Citadel Advisors LLC grew its stake in shares of iShares LifePath Target Date 2050 ETF by 78.6% in the third quarter. Citadel Advisors LLC now owns 14,107 shares of the company’s stock worth $518,000 after purchasing an additional 6,208 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of iShares LifePath Target Date 2050 ETF by 28.3% in the third quarter. Susquehanna International Group LLP now owns 14,096 shares of the company’s stock worth $518,000 after purchasing an additional 3,107 shares in the last quarter. Finally, Sound Financial Strategies Group LLC acquired a new position in shares of iShares LifePath Target Date 2050 ETF during the fourth quarter valued at $201,000.

About iShares LifePath Target Date 2050 ETF

The iShares LifePath Target Date 2050 ETF USD (ITDF) is an exchange-traded fund that mostly invests in target date asset allocation. The fund is an actively managed fund-of-funds that invests in equity, fixed income, and money market ETFs using an asset allocation strategy that shifts exposure as the target retirement date approaches. The fund is intended for investors who anticipate retiring around 2050. ITDF was launched on Oct 17, 2023 and is issued by BlackRock.